Bitcoin News – March 2017

March was a much more hostile month than the previous months, to no surprise, as there is still no consensus on the sequence of scaling the Bitcoin network. A lot of people started to use this as an excuse to advertise and pump altcoins, making everyone even more distrusting of each others intentions.

In March a large amount of Bitcoin businesses spoke out against Bitcoin Unlimited. This resulted in some miners calling this economic majority “alliance” of users and businesses unimportant for the decisions ahead.

Perhaps the most interesting development was the release of Bitcoin Improvement Proposal 148, as a way to allow nodes instead of miners to activate SegWit. It currently appears to be the most promising way to end the stalemate, but will require more vocal support from users before implementation.

What the monthly news is about:

For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.